OREANDA-NEWS. Shares of state-owned Hindustan Petroleum Corporation Limited (HPCL) rallied over 5 per cent on Bombay Stock Exchange (BSE) after Election Commission allowed OMCs to revise petrol prices without seeking the panel's approval. According to media reports, petrol prices are likely to be cut by over one rupee a litre early next week on the back of fall in global crude oil prices. In line with other oil & gas stocks, shares of company rose as much as 5.50 per cent to trade at Rs 308.45 a piece on the BSE. In a similar fashion, shares of the company rose 4.00 per cent to Rs 304.15 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 22,201.33, up 106.03 points or 0.48 per cent at 13:30 hours.